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TSX Rises; First Quantum's Panama Mine to Go Into Maintenance; CPI Awaited

Published 2023-11-20, 12:57 p/m
© Reuters.
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By Ketki Saxena

Investing.com – Canada’s main stock index erased the day’s early losses to track Wall Street higher by afternoon trading. The tech-heavy Nasdaq led Wall Street higher, with gains driven by megacaps including Microsoft (NASDAQ:MSFT) following news that ousted OpenAI head Sam Altman will join the company.

Investor optimism was also driven by earnings from Nvidia due tomorrow, and as investors await minutes from the Fed’s November meeting, also due tomorrow.

Canadian investors will also be keeping an eye on tomorrow’s domestic CPI figures.

The commodity-heavy Canadian index also got a bump from crude prices, on the specter of deepening supply cuts from OPEC+.

Toronto Stock Market News

Shares First Quantum Minerals (TSX:FM) slid after reports the miner will begin maintenance at its Panama mine from Nov 23, essentially suspending operations after days of protests have blocked shipments of supplies required to power the operations of the mine.

For earnings, view our earnings calendar.

Toronto Stock Market Movers

Top Gainers on the TSX Today:

  • Lithium Americas (TSX:LAAC)
  • Dye & Durham
  • Lundin Mining (TSX:LUN)

Top Losers on the TSX Today:

  • First Quantum Minerals
  • SSR Mining (NASDAQ:SSRM)
  • Torex Gold (TSX:TXG)

For all Canadian Stocks Moving Markets today, view our Canada Markets Page.

In Canadian Economics

No major Canadian economic data expected

For all Canadian economic releases, view our economic calendar.

All currencies Canadian Dollar unless noted otherwise.

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